Feature

The bottom line

Why Apple loves China; Earnings: Hedge-fund investors vs CEOs; Where the money goes...; Salaries in Silicon Valley set a record; Tuition for the Class of 2034

Why Apple loves China When Apple began manufacturing the iPhone, the company estimated that it would take nine months to find 8,700 qualified industrial engineers in the U.S. to oversee assembly-line workers. In China, it took 15 days.The New York Times

Earnings: Hedge-fund investors vs CEOsThe richest 25 hedge-fund investors earned more than $25 billion in 2009, about six times as much as all the chief executives of the 500 largest publicly held companies put together. Hedge-fund investors pay federal taxes on their income at the capital gains rate of 15 percent. The Economist

Where the money goes... The average American worker spends more than $20 a week on coffee, or $1,092 a year. But that’s still less than what we spend on lunch and getting to and from work: The average annual cost of commuting rings in at $1,476, while lunch sets us back an average of $1,924, or $37 a week. Consumerist.com

Salaries in Silicon Valley set a record Average yearly salaries for Silicon Valley technology workers hit a record high last year, at $104,195. Start-ups and the success of firms like Facebook, Zynga, and LinkedIn have driven a hiring war for software engineers and other skilled workers. The Wall Street Journal

Tuition for the Class of 2034If U.S. college tuitions continue to rise as they have for the past three decades, today’s newborns—the Class of 2034—will face bills of $110,432 a year at the country’s priciest universities. The Daily

Recommended

The Week contest: Booze rescue
Cans.
Feature

The Week contest: Booze rescue

Great Britain has its 1st Catholic prime minister. Surprise!
Boris Johnson, Carrie Symonds
Things that make you go hmmmmm...

Great Britain has its 1st Catholic prime minister. Surprise!

Biden suspends Trump's 25 percent tariff on Scotch whisky
Scotch
Slàinte mhath

Biden suspends Trump's 25 percent tariff on Scotch whisky

Almost all operations shut down as COVID-19 outbreak hits U.S. Embassy in Kabul
The U.S. Embassy in Kabul.
coronavirus crisis

Almost all operations shut down as COVID-19 outbreak hits U.S. Embassy in Kabul

Most Popular

RNC slams Biden for meeting with Putin
Vladimir Putin
Geneva summit

RNC slams Biden for meeting with Putin

7 toons about the Dems' Joe Manchin problem
Political Cartoon.
Feature

7 toons about the Dems' Joe Manchin problem

Bernie Sanders wants to know if cannabis reporter is 'stoned' right now
Bernie Sanders.
Sounds dope

Bernie Sanders wants to know if cannabis reporter is 'stoned' right now